This property looks like a bad Mid-Term investment with a projected -8.18% first-year return on $108k initial cash invested.
-8.18%
Cash On Cash
4.78%
Cap Rate
0.74
DSCR
$3,176
Rent
-$736
Cashflow
Cash Flow
$3,176 income − $3,912 expenses = $736 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,680
Closing costs
1%
$4,284
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,176
Total Expenses
$3,912
Mortgage P&I
73%
$2,317
Property Taxes
12%
$366
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349